With home prices continuing to rise in parts of southern Gyeonggi Province following the Oct. 15 measures, complexes in Bundang District of Seongnam and in Gwacheon have appeared where the average price per 3.3 square meters (one pyeong) exceeds 1 billion won.
On the 20th, real estate information application Jippum analyzed apartment transactions in Gyeonggi Province from Dec. 1 last year to Jan. 19 this year based on actual transaction prices from the Ministry of Land, Infrastructure and Transport and found that many of the top 10 highest-priced transactions occurred in Bundang and Gwacheon.
In Wonmun-dong, Gwacheon, a 84.98-square-meter exclusive area unit at Gwacheon Weverfield sold for 2.68 billion won, or 1.0425 billion won per pyeong, while a 84.93-square-meter unit at Gwacheon Xi in Byeolyang-dong, Gwacheon, was tallied at 2.5985 billion won, or 1.0114 billion won per pyeong.
In Baekhyeon Village Complex 6 in Baekhyeon-dong, Bundang District, a 74.76-square-meter unit (2.31 billion won) came to 1.0524 billion won per pyeong, and a 74.64-square-meter unit at Gwacheon Xi (2.31 billion won) came to 1.0231 billion won per pyeong, placing them in the 1 billion won-per-pyeong tier.
The highest sale price was 3.55 billion won for a 198.45-square-meter unit at Yangji 1 Complex Kumho in Sunae-dong, Bundang District, and the price per pyeong was found at 59.14 million won.
A Jippum official said, "Top high-price transaction cases in Gyeonggi Province were concentrated in Gwacheon and Seongnam, where home prices are among the highest," and added, "Judging by the prevalence of transactions for mid- to large-size units at the top, the trend shows high-priced transactions forming around core residential areas."